Do you want to take your business to the next level? Then consider a part time CFO.
Here are some of the benefits:
Financial expertise: brings a high level of financial expertise to the company, which can help the business make better financial decisions and improve overall financial performance.
Information: can set up dashboards and KPIs that help systematise and track how your business and departments are functioning
Cost-effective: can be a cost-effective solution for businesses that may not have the resources to hire a full-time CFO.
Flexibility: can be hired on a project basis, which allows the business to have access to a CFO’s expertise when it is needed, rather than having a full-time CFO on staff.
Increased efficiency: can help streamline financial processes and procedures, which can lead to greater efficiency and cost savings for the business.
Strategic planning: can provide valuable input and guidance on strategic planning and decision-making, which can help the business achieve its goals and objectives.
Access to a network: they may have a network of contacts and resources that can be beneficial for the business, such as access to financing, investment opportunities, and other industry experts.
Risk management: can help the business identify and mitigate financial risks, which can help protect the company’s assets and reputation.
Compliance: can help ensure that the business is in compliance with financial regulations and laws, which can help the business avoid costly penalties and legal issues.
Overall, if an SME wants to grow to the next level, then they need to get a CFO, and a part time CFO is a very cost effective way of doing this. Companies without proper accounting support are taking massive risk especially at a time when the ONS says company insolvencies are hitting a 13 year high in England and Wales.
Get in touch with me for a brainstorming session. If we are a good fit, you can hire me and my team by the hour.